Am I the only one impressed by Powell?
I think Powell and the Fed are doing a good job right now managing this very dynamic situation. I even say this as someone who tends to prefer the Austrian School over Keynesian. They're holding rates, as of today, and I think that's the right call based on inflation and job data (although I think the labor market is in worse shape than the numbers would have you believe.)
I personally thing he's done a great job as the Fed chair so far despite all the issues we've had over the past few years and I find his post-meeting press-conferences intelligent, insightful, and level-headed, which is a breath of fresh air. If they pull-off a "soft landing" then he needs some sort of award.
Of course I could be saying this now and this time next week we're all crashing and burning so who knows.
Powell is the goat. I am going to be sad to see him leave next year and kinda scared of who they will pick to replace him
Powell is one of the greatest Fed Chairmen of all time. I don't believe anyone in history has dealt with such polar opposite crises (lockdown-induced contraction vs. printing-induced inflation) as nimbly as he has. The fact that we're even talking about a soft landing after something like COVID should be grounds for an award.
Not saying he wasn't dealt a challenging hand, but can't put him near the top after his initial handling of "transitory inflation".
He nuked the money supply and then looked us dead in the eyes and said “transitory”. He did what he had to, but he is not in the GOAT conversation!
He is doing what he is supposed to do rn, which is not lower rater, and if he's got the balls him and the rest of the board will hike them once tariffs show up on inflation calculations. He, however, together with the board, RUINED the country with the near 0% interest rates during covid. And that will be his legacy.
Look up Triffin dilemma. It has nothing to do with his legacy.
Powell has done a fantastic job.
Same man called inflation transitory in 2022 and the fed also kept rates too low for too long after the GFC. I have no respect for those nerds.
We should get rid of the Federal Reserve
the fed buying mortgage bonds when the 30 year mortgage rate was sub 3% in early 2022 after house prices just increased 25%+ in 2 years is completely unforgivable. dude should have resigned in shame in 2022
We debased the currency forever over a flu (after debasing it for the prior decade over a real estate tulip mania). But what Trump wants is even worse. However no one wants to stop it when literally every business news story is essentially a Tyrone biggums pondering of what factors will make the fed lower interest rates.
Best Fed Chair since Volcker. He could probably sign a $100mm/year contract next year at any large asset manager or other financial institution in 2027, but I doubt he will.
I think he deserves credit for his soft landing when curbing inflation. But I mean he did make a blunder early on (as did the consensus) regarding transitory inflation.
I think Powell is in a tough spot because the former Treasury admin left a mess of short term borrowing that has created a heinous maturity wall for the current Treasury department under Bessent, so I totally understand why they want the Fed to cut rates so they can further push down the 10 yr yield to under 4%.
It probably is time for the Fed to cut rates, but the Fed is operating under historical data that views Trump trade policy as inflationary, and the Fed loses lots of its credibility if they make a blunder on inflation again.
Powell has been my president since 2018. I will be very sad to see him go.
Powell has been very steady in his approach a soft landing would be a huge accomplishment.
Yes
Powell will go down as one of the greatest. He has done a fantastic job managing post-covid shitstorms. Do dislike Powell is to betray personal political biases
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